Orange County NC Website
I~ <br />Non-personnel start up costs 815,000 <br />Budget costs $33,867,000 <br />4. The BOARD OF COMMISSIONERS agrees to appropriate a <br />total of $33,870,000 for the total of all of the. elements <br />contained in the Standards for high school #3 which will have a <br />capacity of 1,000 students with. funding as follows: <br />Source <br />Bonds (from elementary #10) <br />Impact fees, balance <br />Impact fees, budgeted <br />Alternative. financing by County <br />Alternative financing by County ' <br />~' paid for with "pay-as-you-go" <br />CIP revenue from future years <br />appropriations for "pay-as-you-go" <br />CIP revenue to the BOARD <br />•OF EDUCATION from the BOARD OF <br />COMMISSIONERS <br />Total <br />Amount <br />$12,800,0.00 <br />3,240,000 <br />6,400,000 <br />5,100,000 <br />6,330,000 <br />$33,870,000 <br />5. Any amount by which the total cost of high school #3 <br />exceeds $33,870,000 will be paid for by unencumbered BOARD OF <br />EDUCATION pay-as-you-go CIP revenue. <br />6. In consideration and subject to the BOARD OF <br />COMMISSIONERS complying with the terms hereof, the BOARD OF <br />EDUCATION irrevocably waives and relinquishes its right to <br />initiate and pursue any statutory or judicial process to appeal, <br />mediate, arbitrate or otherwise resolve any dispute between the <br />boards regarding the amount approved by the BOARD OF <br />7 <br />